EY Reports U.S. Oil Firms Favor Development

2 sourcesUpdated Oct 29, 20261 min read

0

EY Reports U.S. Oil Firms Favor Development — Photo: Ashraf Tanzin / Wikimedia Commons (Pexels)

Sponsored

U.S. oil and gas producers continued prioritizing development over exploration in 2025: exploration spending fell 11% to $4.8 billion, while development spending rose 4% to $78.7 billion, reflecting a focus on existing assets and near-term production. M&A spending also dropped sharply after the previous year’s consolidation wave. Separately, TotalEnergies awarded SLB a 15-year contract for global well-planning software, Chevron announced executive changes effective in 2027, and Crescent Energy agreed to buy Devon Energy’s Eagle Ford assets for $4.2 billion. Baker Hughes also signed agreements aimed at developing Venezuela’s gas infrastructure and future oil and gas prospects.

Sponsored

In this story:

More on this story

Back to News

Finance

Gold Fluctuates Near $4,050 After Fed Holds Rates

Gold and silver prices have weakened amid rising oil prices, inflation concerns and expectations that the Federal Reserve will keep rates high, with Indian gold prices also easing. A State Street strategist says institutional and central-bank demand may support gold near current levels, with momentum potentially returning after rate hikes end.

251 sources

World

Seattle police find more than 200 casings at two North shootings

1

Total sources2

Last updatedOct 29, 2026

Does this breakdown look right?

Sponsored

Claim check

What each side asserts, disputes — or leaves out entirely.

Analyzing the coverage…

Where do you land?

Whose framing of this story rings truest to you?

Sponsored

Coverage

Sponsored

Comments

Ask Genius by OpenServe:

Free account · your comment posts right after signup

Sponsored

Seattle police investigated two separate shootings in the North Seattle area within days: more than 80 shell casings were found after Saturday morning gunfire near North 107th Street, which damaged homes and cars but caused no reported injuries. A Thursday night shooting near Aurora Avenue North and North 100th Street left nearly 120 casings and damaged businesses; no victims or suspects were found at the scene in either incident.

11 sources

Sponsored

Politics

Trump Proposes Rollback of Methane Rules

The Trump administration is proposing to weaken federal methane rules for oil and gas operations, including potential changes for low-producing wells and the super-emitter response program, saying the move would support domestic energy production and lower costs. New Mexico Gov. Michelle Lujan Grisham and an Environmental Defense Fund expert criticized the rollback, warning it could undermine accountability for pollution that cumulatively contributes significantly to emissions.

109 sources